contestada

"You are the sales manager for a software company and have been informed that the price elasticity of demand for your most popular software is less than 1. To increase total revenues from that product, you should"

Respuesta :

Mitylene

Answer:

Increase the price of the software

Explanation:

Price elasticity is measured as the dynamic between the demand in amount of a certain product and the price. If there is a high demand and the number of products are being sold at a lower price total revenues will be high. If the number of products sold are low, naturally, total revenue will be be low. In order to increase revenue and an attempt to increase profit as well the seller should increase the price of the software.